I think Americans have to let go of their industrial past and look to their economic future, which doesn't include a strong industrial base. In a global economy and free trade, we can't compete with developing countries on an industrial level because of cheap labor. So when politicians promise you that they will bring the jobs back that have left the country, they are lying to you. Those jobs are gone for good and I will tell you why it's a good thing for America.

America needs to worry about expanding it's purchasing power and leave behind economic growth especially on an industrial level. These developing countries like China are where we were 50 or 60 years ago. They are becoming strong industrial nations, but they need someone to sell the goods to that they produce. This is why they want to send their goods to America, it's because we have a 13.3 trillion dollar economy and they want a piece of our purchasing power. So America's in a position to let the developing countries of the world compete for our dollars. This means Americans have to stop whining and they have to switch their economic outlook. The jobs are gone, so retrain in a service related industry or start your own business and move into our new economic situation.

Here's the way to a $100,000 per capita rate:

1. We are currently at a $44,000 per capita rate and we can do much beter.

2. We need to cut big government in half. We need to put a cap on spending and how much money government can borrow outside of military spending.

3. We need to fully privatize social security. We can start with partial privatization and work are way to having a fully privatized system. This will mean each American has an ownership stake in the global economy and this also means the government can't spend your money.

4. We need to switch to a fair tax and say NO to direct taxation. This truly hurts the economy because the worker gets taxed on their paychecks and then their taxed again when they buy goods and services. The business owner is taxed on a portion of his profits that he pays himself and the rest of the money can be invested back into his business or new ventures tax free. This builds wealth and expands our economy as it should be in a capitalist structure. The worker has fallen for the liberal line and accepted direct taxation in order to pay for the Behemoth in Washington. With a fair tax their would be zero taxation on income and capital gains and you would see our per capita rate soar.

5. We need to make health insurance a requirement for all Americans just like auto insurance. This way you take the government out of the health care business. You take away government mandates and you allow consumers to purchase policies in any state of the union. This way someone who pays $300 a month in New Jersey can find a similar plan in Vermont for $175 and they can purchase the plan in Vermont. This will add competition an bring down health insurance premiums. This will also save you alot of money. The debate is not about health care it's about healh insurance. Hillary, Obama and Edwards want the government to act as a massive insurance agency and I think the private sector is better suited for this and we can let the free markets work. This will lower the amount of people that we have to subsidize.

6. We need to exploit certain markets like Green Technologies. I'm not a big global warming guy but the marketplace for these things could be enormous for us especially when developing nations began to follow are lead. The market needs to get control of these things and not the enviromental alarmist.

If we do these things, we will see our per capita rate grow to $100,000 and every American will be living high off the hog.

I use The Caymen Islands as an example as to how this will work. The Caymen Islands have a 0.9% rate of growth but they have a per capita rate of $43,800. This is incredible and the main reason why they can have such a strong economy, is ZERO DIRECT TAXATION. Listen to what the C.I.A. factbook says about their economy:

With no direct taxation, the islands are a thriving offshore financial center. More than 68,000 companies were registered in the Cayman Islands as of 2003, including almost 500 banks, 800 insurers, and 5,000 mutual funds. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 2.1 million in 2003, with about half from the US. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world.

https://www.cia.gov/library/publications/the-world-factbook/geos/cj.html

America has to turn the economic corner.